Raff, Horst; Ryan, Michael; Stähler, Frank - In: International Review of Economics & Finance 18 (2009) 1, pp. 3-10
Multinationals may enter a host market by different modes of foreign direct investment (FDI). This paper examines the choice of FDI mode, and shows that the profitability of greenfield investment influences this choice not only directly, but also indirectly since it determines the outside option...